Question Paper from: IBPS Clerk Mains 2016

Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years?

1:

Rs. 4500 

2:

Rs. 5000

3:

Rs. 6500

4:

Rs. 7200

5:

None of these

Solution:
Chapter Name: Compound Interest

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IBPS Clerk Mains 2016

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